Without going any further, in a recent study by Blockchain Academy Chile to more than 500 residents in the country, it was recorded that there is a significant gap with respect to those who have not yet entered this financial system, the main causes being the absence of effective regulation and its high volatility, but, without a doubt, the The main obstacle is the lack of financial education.
The foregoing, because according to this study whose purpose was to account for the preferences, knowledge and evaluation of the people of this market in the country, 66% of the respondents assured that they do not invest in the crypto market due to ignorance, something that without undoubtedly influences the massification of this technology in the country.
It is clear that the discussion and eventual promulgation of the Fintech Law They will be a great support and consolidation of this new financial model and scheme, where cryptocurrencies will assume a determining role, which can bring benefits to citizens, and to the processes of institutions, companies and entrepreneurs.
However, it is important to know that today it is possible to use this type of technology to carry out international trade and payment operations without the need for regulation. Today there is a type of cryptoactive called a stable currency that allows people and businesses to access a type of digital dollar in a simple and fast way.both to have savings in the main currency of global commerce or to make much more efficient international payments than when making them through the traditional banking system.
It is important not to overlook that today the main thing is that it is financial education that allows us to take that step, towards the empowerment of the crypto world, which is complemented by a law that could allow us to generate access to better financial products because of the promotion of competition in the market and equality for all its participants.
Academic director of Blockchain Academy Chile.
Source: Ambito
